February 14, 2013

Ayala Corp. to Expand it's Portfolio in Southeast Asia


Ayala Corp. is no planning to extend their projects in Southeast Asia, one of the most robust regions in the world in terms of economic growth. Investments in Vietnam and Indonesia will be the jumpstart point for more projects in neigbhoring Asian countries.

One the last quarter of year 2012, the conglomerate acquired an initial 49% stake in a Vietnamese firm that will undertake infrastructure projects in the emerging market.

In October, AC unit Manila Water bought a 51% stake of Indonesia's Suez Environment in PT PAM Lyonnaise Jaya, which is operating the water supply concession contract in Western Jakarta.

“We’ve begun to move into the space in Vietnam and Indonesia as first steps,” Zobel said in Hong Kong on February 6. “We don’t see why that has to stop with just those two countries.”

Related News:
http://businessmirror.com.ph/index.php/news/top-news/9292-ayala-corp-eyes-regional-expansion-to-spur-growth